Found 106 article(s) for author 'Ricardo Hausmann'

The Specialization Myth

The Specialization Myth. Ricardo Hausmann, December 30, 2013, Opinion. “Some ideas are intuitive. Others sound so obvious after they are expressed that it is hard to deny their truth. They are powerful, because they have many nonobvious implications. They put one in a different frame of mind when looking at the world and deciding how to act on it. One such idea is the notion that cities, regions, and countries should specialize. Because they cannot be good at everything, they must concentrate on what they are best at – that is, on their comparative advantage. They should make a few things very well and exchange them for other goods…” Link

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Why Countries Grow

Why Countries Grow. Ricardo Hausmann, October 23, 2013, Video. “Nations rich in transferable skills have more growth potential than those that merely exploit their natural resources, according to Harvard’s Ricardo Hausmann. In part one of a discussion with John Authers he explains how to map a country’s usefulness…” Link verified August 21, 2014

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Housing versus Habitat

Housing versus Habitat. Ricardo Hausmann, September 26, 2013, Opinion. “Peter Drucker, the influential management guru, famously said, ‘What does not get measured, does not get done.’ He might have added that what gets measured poorly gets done poorly. Consider low-income housing. Most developing countries, and many rich ones, define their housing deficit according to the number of families living in units deemed socially unacceptable. But what is meant by unacceptable varies greatly from country to country. Piped water, sewerage, and electricity are seen as essential in the Americas, but not in India…” Link

 

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Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies

Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies. Ricardo Hausmann, September 2013, Paper. “This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and emerging market countries. It finds that in emerging market countries there is a significant correlation between spreads and debt levels. This correlation, however, is not statistically significant in countries where most public debt is denominated in local currency. In advanced economies, the magnitude of the correlation…” Link Verified October 19, 2014

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The End of the Emerging-Market Party

The End of the Emerging-Market Party. Ricardo Hausmann, August 30, 2013, Opinion. “Enthusiasm for emerging markets has been evaporating this year, and not just because of the US Federal Reserve’s planned cuts in its large-scale asset purchases. Emerging-market stocks and bonds are down for the year and their economic growth is slowing. To see why, it is useful to understand how we got here. Between 2003 and 2011, GDP in current prices grew by a cumulative 35% in the United States, and by 32%, 36%, and 49% in Great Britain, Japan, and Germany, respectively, all measured in US dollars…” Link

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Neighbors and the Evolution of the Comparative Advantage of Nations: Evidence of International Knowledge Diffusion?

Neighbors and the Evolution of the Comparative Advantage of Nations: Evidence of International Knowledge Diffusion? Ricardo Hausmann, August 2013, Paper. “The literature on knowledge diffusion shows that it decays strongly with distance. In this paper we document that the probability that a product is added to a country’s export basket is, on average, 65% larger if a neighboring country is a successful exporter of that same product. For existing products, having a neighbor with comparative advantage in them is associated with a growth of exports that is higher by 1.5 percent per annum. While…” Link verified August 21, 2014

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Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies

Debt Levels, Debt Composition, and Sovereign Spreads in Emerging and Advanced Economies. Ricardo Hausmann, August 2013. “This paper studies the relationship between sovereign spreads and the interaction between debt composition and debt levels in advanced and emerging market countries. It finds that in emerging market countries there is a significant correlation between spreads and debt levels. This correlation, however, is not statistically significant in countries where most public debt is denominated in local currency. In advanced economies, the magnitude of the correlation between debt levels and spreads is about one fifth of the corresponding correlation for emerging market economies…” Link

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Neighbors and the Evolution of the Comparative Advantage of Nations: Evidence of International Knowledge Diffusion?

Neighbors and the Evolution of the Comparative Advantage of Nations: Evidence of International Knowledge Diffusion? Ricardo Hausmann, July 26, 2013. “The literature on knowledge diffusion shows that it decays strongly with distance. In this paper we document that the probability that a product is added to a country’s export basket is, on average, 65% larger if a neighboring country is a successful exporter of that same product. For existing products, having a neighbor with comparative advantage in them is associated with a growth of exports that is higher by 1.5 percent per annum. While these results could be driven by a common third factor that escapes our controls, they are what would be expected from the localized character of knowledge diffusion.”  Link

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